Chinese automaker Geely Automobile Holdings Ltd (Geely Auto) reported a 27% jump in global revenues to CNY 150.3 billion in the first half of 2025, across its majority-owned Geely Auto, Zeekr, and Lynk & Co brands.
The Hong Kong-listed automaker, in which Zhejiang Geely Holding Group is the largest shareholder, said it sold 1.409 million vehicles in the first half of the year, with its share of Chinese vehicle sales exceeding 10% for the first time. Sales of electrified and new energy vehicles (NEVs) increased by 126% to 725,000 units.
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Geely Auto sold approximately 180,000 vehicles in over 80 overseas markets in the first half of 2025, helped by the global rollout of its new EX5 model. The company also began assembling vehicles in Egypt and started trial assembly in Indonesia. Zeekr shipped a total of 92,000 vehicles to overseas markets in this period.
Geely Auto said its net earnings rose to CNY 9.29 billion, while net cash increased to CNY 58.8 billion. Profits attributable to shareholders after deducting non-recurring items rose by 102% to CNY 6.66 billion, helped by increased production scale and product optimization.
Last year, Geely Auto unveiled the Taizhou Declaration and the One Geely Strategy, to drive greater integration of its brands, resources and collaboration. In the first half of 2025, Geely Auto completed the merger of its Zeekr and Lynk & Co units, leading to greater synergies between the two brands, including shared R&D, production and other operational costs. The two brands also reported an improved product mix, with higher premium segment sales..
In July, Geely Auto and Zeekr signed a merger agreement aimed at further strengthening their collaboration in areas such as new technology development, supply chains, manufacturing, marketing, after-sales services, and global expansion. The company expects that this will lead to enhanced product competitiveness in the mainstream, high-end, and luxury market segments.
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By GlobalDataGeely Auto has raised its full-year sales target to 3 million units in 2025, up from 2.17 million units in 2024, helped by the launch of six new electrified and NEV models in the second half of the year.
The company said in a statement: “As the merger of Zeekr and Lynk & Co progresses, more synergies will be unlocked. Further progress in the ‘One Geely’ strategy will enhance the company’s global competitiveness in the intelligent NEV segment and support the company’s goal of achieving 3 million units in annual sales.”
